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Wealthy Way

Ways Rich People Make Money With Leverage | Aaron Novello

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 23 October 2023

⏱️ 89 minutes

🧾️ Download transcript

Summary

In this insightful conversation with Aaron Novello, we gain valuable perspectives on building wealth and success.
Would you like my team to help build your personal brand? Apply to join Pineda Media at https://wealthyway.co/rj9
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Connect with Aaron!
Instagram - https://www.instagram.com/aaronnovello/

One key takeaway is the importance of gaining expertise in one field, focusing on your primary career before seeking additional income streams. Understanding your natural disposition, recognizing your strengths and weaknesses, plays a pivotal role in making informed decisions. Leveraging two critical mental maps - leverage and patterns - offers a powerful strategy for wealth creation.

Aaron emphasizes the need for pinpointing where to direct your energy by setting filters, which include evaluating whether an opportunity compounds and leverages, whether it aligns with your long-term financial goals, and whether it aligns with your natural disposition. Once you've identified your path, the challenge lies in saying no to new opportunities and staying dedicated to your chosen focus.

Real estate, a field with a low entry barrier, requires intensive training. Similarly, content creation is paramount for building a personal brand, showcasing your processes transparently. Developing strong leadership and duplicating your education among your team members are central elements for scaling your business.

This conversation highlights the significance of thinking clearly and achieving personal clarity, as clear thinking leads to increased earnings. Continuous evolution, trying new things, and taking calculated risks form the basis of growth. Utilizing multiple levers and stacking valuable skills lead to competence and, ultimately, value in the marketplace. Building trust at scale through content creation, especially videos, is a pivotal strategy.

Aaron also suggests considering long-term investments like hedge funds. In a rapidly changing business environment, learning, adapting, and evolving are essential to ensure your continued success. You can find Aaron Novello on Instagram @aaronnovello for more insights and valuable advice on building wealth and success.

Transcript

Click on a timestamp to play from that location

0:00.0

Hustling is a season, it's not a business strategy.

0:03.0

What is the difference between people who produce very favorable outcomes and people who don't?

0:07.5

He said risk tolerance.

0:08.5

The thing is, when you're innovating, you're going to be criticized until you're right.

0:12.8

First they laugh at you, then they call you crazy.

0:15.6

Then they say you're a crook.

0:17.2

Then you know what they do?

0:18.2

They call you for advice.

0:19.2

You want to get paid in the future, you need to live in the future.

0:21.3

So you need to get really good at something and

0:24.0

what's going on wealth voters today I've got somebody special he is a real estate

0:30.8

agent now before you try and leave okay you know I hate on real estate agent. Now before you try and leave, okay?

0:32.9

You know, I know I hate on real estate agents a lot,

0:34.8

but I like what this guy is doing for many reasons.

0:37.7

Number one, he's not just an agent, okay?

0:40.4

Even though his credentials as an agent are incredibly sold over 2,000 homes in a very short period of time.

0:46.7

He's built a big down line so he's got that stream of income.

0:49.6

He's invested millions as an LP in syndications.

0:53.8

So we'll talk about that.

0:55.1

And he's also gone through our wealthy creator program

0:57.3

and building his presence online and just making it happen.

0:59.9

So I got another than Aaron Novello.

...

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